Franco-Nevada (TSE:FNV) Stock Rating Lowered by TD Securities

by · The Cerbat Gem

TD Securities cut shares of Franco-Nevada (TSE:FNV – Free Report) (NYSE:FNV) from a buy rating to a hold rating in a research report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has C$152.00 target price on the stock.

A number of other equities analysts also recently issued reports on the stock. Canaccord Genuity Group decreased their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. National Bankshares decreased their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Finally, CIBC increased their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Franco-Nevada presently has an average rating of “Buy” and a consensus target price of C$194.10.

Check Out Our Latest Report on FNV

Franco-Nevada Trading Up 2.3 %

Shares of TSE:FNV opened at C$216.66 on Tuesday. The company has a market cap of C$29.40 billion, a price-to-earnings ratio of -46.79, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The company has a 50-day moving average price of C$195.37 and a 200-day moving average price of C$179.27. Franco-Nevada has a 12 month low of C$153.62 and a 12 month high of C$219.99.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Senior Officer Lena Miller sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total transaction of C$357,620.50. Also, Director Boris De Vries sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$217.08, for a total transaction of C$108,540.35. Insiders own 0.69% of the company’s stock.

About Franco-Nevada

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Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.

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